The Cultural Dimensions of the Vietnamese Private Entrepreneurship

Quan Hoang Vuong and Dung Tran

No 09-027.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles

Abstract: In this essay, we explore cultural impacts on the private entrepreneurship in the post-Doi Moi Vietnam. Some important aspects of the traditional cultural values of the Vietnamese society are explored in conjunction with the socio-economic changes over the past two decades. Traditional cultural values continue to have strong impacts on the Vietnamese society, and to a large extent to adversely affect the entrepreneurial spirit of the community. Typical constraints private entrepreneurs face may have roots in the cultural facet as legacy of the Confucian society, such as relationship-based bank credit. Low quality business education is both victim and culprit of the long-standing tradition that looks down on the role of private entrepreneurship in the country.

Keywords: Culture; Confucian values; Confucianism; Entrepreneurship; Market economy; Rent seeking; Vietnam (search for similar items in EconPapers)
JEL-codes: A14 E00 L14 L26 M21 P20 P31 Z10 Z13 (search for similar items in EconPapers)
Pages: 27 p.
Date: 2009
New Economics Papers: this item is included in nep-cul, nep-ent, nep-hrm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (83)

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Working Paper: The Cultural Dimensions of the Vietnamese Private Entrepreneurship (2009)
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